discretionary trust

Definition of "discretionary trust"
  1. A type of trust where the trustee has wide-ranging powers to decide the distribution timing and amount of income or assets distributed to a beneficiary
How to use "discretionary trust" in a sentence
  1. The discretionary trust allowed flexibility in financial matters.
  2. He set up a discretionary trust to plan for his family's future.
  3. A discretionary trust can ensure careful management of assets.
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